Hyosung
Hyosung Corporation, a prominent player in the global manufacturing sector, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and the Americas. Founded in 1966, Hyosung has established itself as a leader in various industries, including textiles, chemicals, and industrial machinery. The company is renowned for its innovative core products, such as high-performance textiles and advanced industrial equipment, which are distinguished by their quality and technological advancements. Hyosung's commitment to sustainability and efficiency has positioned it favourably in the market, earning accolades for its eco-friendly practices and cutting-edge solutions. With a strong emphasis on research and development, Hyosung continues to drive growth and maintain its competitive edge in the global marketplace.
DitchCarbon Score
How does Hyosung's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hyosung's score of 58 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyosung's reported carbon emissions
In 2023, Hyosung Corporation reported total carbon emissions of approximately 47,870,000 kg CO2e, with Scope 1 emissions at about 8,575,000 kg CO2e and Scope 2 emissions at approximately 39,301,000 kg CO2e. Notably, their Scope 3 emissions were significantly higher, reaching about 1,121,529,000 kg CO2e, primarily driven by purchased goods and services, which accounted for approximately 1,044,368,000 kg CO2e. Hyosung has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 14.5% by 2030, relative to 2018 levels, which translates to an annual reduction target of about 1.2%. Additionally, the company has committed to achieving carbon neutrality across all scopes by 2050. Furthermore, Hyosung Advanced Materials Corporation has pledged to reduce its absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2021 baseline, while also targeting a 25% reduction in Scope 3 emissions from purchased goods and services and fuel- and energy-related activities within the same timeframe. They aim for 60% of their suppliers, by spend, to have science-based targets by 2028. These initiatives reflect Hyosung's commitment to sustainability and its proactive approach to addressing climate change within the chemicals sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 410,905,100 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 1,051,955,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 000,000,000 | 000,000 | - | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hyosung is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
